Godrej Properties inks pact for residential project in Pune’s Bavdhan

Spread over around 5.5 acres, the project will offer around 5.60 lakh sq. ft. of saleable area and will be developed as a modern residential development comprising of apartments of various configurations, the company said in a release.Kailash Babar | ET Bureau | December 30, 2016, 14:29 IST

MUMBAI: Godrej Properties, real estate development arm of Godrej Group, has entered into a partnership to develop a residential group housing project in Bavdhan locality in Pune. The project will be developed through profit share arrangement.

Spread over around 5.5 acres, the project will offer around 5.60 lakh sq. ft. of saleable area and will be developed as a modern residential development comprising of apartments of various configurations, the company said in a release.

“We are happy to add this new project in Pune, which is a key growth market for us. This will be our 11th project in Pune. We look forward to delivering an excellent project and to continuing to grow our presence in Pune," said Pirojsha Godrej, MD & CEO, Godrej Properties.

The project site is located just off the Mumbai-Bangalore bypass and close to the prime residential micro market of Kothrud. It is situated on main Paud road within PMC limits and is well connected to Hinjewadi IT Park, the release said.

Godrej Properties is currently developing residential, commercial and township projects spread across around 128 million sq feet in across 12 cities in India.